Vanessa Terzian E: vterzian@lagerlof.com PH: 818-864-6174 | Edward Terzian E: consultation@inheritancerecovery.com PH: 818-579-2358
What a Will Won’t Do There are a number of essential things a last will and testament can do for you, such as distribute family heirlooms and name a guardian for minor children, but there are some equally important things a will won’t do: Diminish estate taxes – a will won’t help you decrease your…
5 Things We Should Learn From Our Parents About Retirement When we talk about retirement, most of us are still thinking about our parents’ retirement and how they did – or did not – plan properly for it. It’s no big stretch to think that our retirement will differ significantly from that of our parents,…
How to Pass On Family Heirlooms Without Causing a Family Feud The holidays are traditionally the time for family gatherings, where generations come together and perform holiday rituals that have been passed down through the years. Part of those rituals includes material possessions – a well-worn set of silver at the holiday table, grandmother’s china…
Changes in Retirement Benefits for 2013 There are several important changes to retirement benefits coming in 2013, including: Increased limits on IRA and 401(k) contributions. You will be able to contribute another $500 in 2013 to your 401(k) or 403(b) plans when limits increase to $17,500 from $17,000 this year. The IRA contribution limit also…
How to Talk to a Loved One About Estate Planning Estate planning rarely comes up in the course of regular conversation and if it does, it is usually involves what has happened to a celebrity’s fortune after his or her death. The distance is safe, so the conversation can take place. But what if you…
Holidays a Perfect Opportunity to Check Up on Aging Parents The holidays are a traditional time for multiple generations to gather together, and are also a perfect opportunity for adult children to perform a reality check on how their aging parents are doing health-wise as well as assess financial and medical planning issues. The American…
Longevity Insurance Can Help Those Worried About Outliving Their Money With longer life spans comes the necessity to be sure your money is around at least as long as you are. Longevity insurance – where you pay a certain sum to an insurer when you’re in your 60s in exchange for monthly payments 20 or…
Savvy Year-End Tax Moves for Retirement Plan Owners Even though the elections are over, no one knows what Congress will do by the end of the year when it comes to taxes so retirees are advised to look at strategies to cut their tax bills now rather than wait for Congress to act. Some considerations…
Retirement Planning Guidelines for Every Age You’re never too young or too old to save for retirement; here are some guidelines by age group: Under 25: If you graduated from college with debt, you are certainly not alone – the average debt burden is currently $26,500 for 65 percent of college graduates. Once you are…
How to Protect Elderly Parents From Financial Abuse According to a recent study by the Investor Protection Trust and Investor Protection Institute, the top three ways that the elderly could be financially exploited are: • Theft of funds or property by family members • Theft of funds or property by caregivers • Financial scams by…